Index Action
Nifty50
Nifty opened higher and touched a high of 18,314 before profit-booking set in and dragged NIfty down. It closed 63 points down at 18,114 levels.
The October monthly series have a sizable base at 18,200 and 18,500 call options and 18,200 and 18,000 put options. Heavy additions were seen at both 18,200 call and put options.
The broad range for Nifty50, as per options data, is 17,500 and 18,800 levels and its immediate support is at 17,800 and resistance at 18,300 levels.
Bank Nifty
Bank Nifty touched the high of 40,587 and slipped in the second half of day. It closed firmly in the green at 40,323 levels.
The Monthly options for October series have sizable positions at 40,500 and 41,000 call options and 40,000 and 39,000 put options.
As per the options data, the broad range for Bank Nifty has shifted to 39,000 and 41,000. Immediate support is at 39,500 and resistance is at 40,600 levels.
Stock Action
Today’s Top Gainers were Federal Bank, TVS Motors, AU Small Finance Bank, Oberoi Realty and Godrej Properties.
Today's Top Losers were Indiamart, Indiabulls Housing, LIC Housing Finance, Vedanta and Info Edge.
Sector Update
Realty and Banking sectors were the leading sectors with stocks like Oberoi Realty, Godrej Properties, Federal Bank, AU Small Finance Bank and RBL bank closed in the green.
Metals and Media sectors saw selling pressure today with stocks like Vedanta, Nalco, Hindalco, Zee Entertainment and PVR closing in the red.
Major News
Brent Crude has dipped marginally from its recent high of $86 per barrel to $85 per barrel.
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